Management information is essential to running a successful business, but preparing it is often time consuming and laborious. Reporting software can help automate this process.
Management Accounting: In order to make timely and meaningful management decisions every business needs accurate financial and business information.
In addition, being able to compare your accounts with original budgets enables you to manage and focus your business better. Good accounts help you to identify favourable or adverse trends in your business, and to highlight variations in your income or spending which may require special attention.
ASK Services is expert in the preparation of monthly or quarterly management reports. Once prepared, our staff will carry out a review and make any necessary adjustments before presenting the reports.
The entire process can take place remotely at our offices in a fraction of the time management accounts normally take to prepare, typically ready by the end of the second week of each new period.
Financial Modelling: Businesses are increasingly required to prepare financial budgets or forecasts. These may be required for internal use for business planning purposes, or for external use, typically as part of a business plan. Each model is configured extensively to reflect the workings of your business, and so vary considerably in complexity and nature. They are designed to allow “sensitivity analysis” by varying key assumptions, and can be set up as “rolling” models, which can be re-used month after month.
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